Over 20 years in trading
I will try to trade EUR/USD today. Based on my analsis from this morning, after this decline I decided to wait and enter long here at 1.1196. SL is placed at 1.1170 for now. Let’s try to take this possible fully return up. First resistance on the way up is 1.1215/50, the previous support from May 12./13., there is H4/MA100 here
Read moreI wrote in my EUR/USD analysis from May 14. that 1.1380/450 is the sellers teritory. Here we are only few days latter, the pair broke true the first support at 1.1280 easy after the ECB’s Coeure talk and reached 1.1159 low for now. Decline has stoped with Daily MA100 for now, support and buyers are waiting at 1.1060/130. Could that level
Read moreUS dollar recovered strongly today vs Canadian dollar and holiday in Canada maybe helped!? You can see that the pair has reached resistance from May 07./08./11. at 1.2150/65 today with gain of 150 pips for now. Can the pair brake that and continue pushing toward 1.2350/400? Above this resistance, there is another at 1.2180/200, the resistance from May 01./04. and
Read moreBut sellers are serious here as I wrote in my yesterdays EUR/USD analysis. Well, bulls are serious too and as I see it, this level could fall at the end of the day. I wrote that this will be the hard batlle here and you can see it is for now. Another resistance is waiting above at 1.1500/535 if 1.1450 falls.
Read moreI took this Friday to make some improvements on the blog and I did it right. As I see, there is ‘happy hours’ in the market with not much particular reason. I hope that you didn’t get busted today. Well, this is what I made it today here. On the right side you can choose a category of articles on the blog,
Read moreGold is breaking true the daily MA200 today, 1220/23 resistance as well. High for now is 1227, but 1238 could be the next target for the bulls, even the US dollar is slightly recovering in the market. As you can see, 1240/45 could be stronger resistance here, but I like to call those levels as targets when bulls are in
Read moreEuro continues winning series and it want’s a higher levels, but here is the sellers teritory now. Even the euro looks bullish enough for brake true, I don’t see that as an easy move and we could see a hard batlle in the upcoming days. This level is important for both sides because, brake true will lead euro toward daily MA200 and
Read moreI decided to close my trade at my previous and first target, 1215. I am out at 1213.42! There is no point to risk my huge 247 pips trade/gain any more, it’s only one day trade! While I am writing this, I see that gold bulls are trying to brake 1215 like I wrote they will, but hey. There is two
Read moreUS retail sales data pushed gold true the 1200 resistance and reached 1206 high for now. There is minor resistance here, but bullish momentum could countinue here and higher levels are possible. That’s why I moved my target to the higher level at 1222, but I will watch carefully this 1207 level, 1215 when and if the gold came there and
Read moreAfter the huge fail weekly brake at the end of April, begining of May the Pound is unstoppable and it almost reached the 50% return from the huge GBP/USD fall! This level looks like sellers teritory now all the way to the 1.5900 and it would be interesting to see now, how will sellers react on this huge gain. Elections boost
Read moreI decided to protect my position with BE now. Why? As you can see, 1191 level provides a solid support today and as I see it, possible fall bellow could put my SL in danger at 1185. That’s why I don’t have reason to riks my trade any more. During the Asian sesion, gold didn’t move much, hold on the way
Read moreBased on my previous gold analaysis I waited for possible entry and after this decline I placed my long at 1188.75. Position is protected with SL at 1185 for now. As I wrote before, H4/MA200 stoped the precious metal on the way up, where sellers have taken over the gold, and push the price down to 1188. You can see
Read moreI wrote about 1175/80 support level for several times in my last gold analysis and it seams that buyers will not retreat lower. As you can see, they pushed gold today to 1196, where H4/MA200 has stoped the growth for now. It’s not easy level for pass true, 1200 is above waiting for the bulls. This is the 4 th week in a
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